Indonesia's central bank, Bank Indonesia, has completed a Proof of Concept (PoC) for its central bank digital currency (CBDC), known as the digital rupiah. The completion of the PoC indicates the regulator's commitment to developing a CBDC to complement existing payment options. The PoC explored distributed ledger technology (DLT) platforms, including R3's Corda and Hyperledger Besu, and tested each platform against over 50 metrics. The PoC also explored smart contract use cases, suggesting programmable functionalities for the digital rupiah. Bank Indonesia plans to release a consultative paper on the digital rupiah soon. Meanwhile, Société Générale and the Banque de France have completed a blockchain-based repo transaction, the first involving a Eurosystem bank regulator. The transaction used distributed ledger technology and digital securities to address liquidity issues in securities operations. Both parties plan to increase the size of their blockchain-based repo transactions in the future.



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